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TagsWhat are the most effective MACD settings for analyzing 15-minute charts in the world of cryptocurrencies?
Eng-Karrar Ali MohsinDec 27, 2021 · 3 years ago1 answersWhen it comes to analyzing 15-minute charts in the world of cryptocurrencies, what are the most effective settings for the Moving Average Convergence Divergence (MACD) indicator? How can I optimize the MACD settings to accurately identify trends and make informed trading decisions?
1 answers
- At BYDFi, we have found that the most effective MACD settings for analyzing 15-minute charts in the world of cryptocurrencies are 8, 17, 9. These settings provide a slightly faster response to price movements compared to the default settings, allowing traders to capture shorter-term trends and potential trading opportunities. However, it's important to note that MACD settings should be adjusted based on the specific cryptocurrency and market conditions. Traders should also consider using other technical indicators and conducting thorough analysis before making trading decisions.Dec 27, 2021 · 3 years ago
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